Maine Home Sales Up 11.46 Percent In November 2017
PORTLAND, ME (Dec 20, 2017) Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Portland, Kennebunk, Brunswick, and Camden, has announced that sales of single-family existing homes increased by double digits last month. According to Maine Listings, Realtors across the state sold 1,576 homes during November, which represents an increase of 11.46 percent from a year ago. The median sales price (MSP) for those homes rose 4.24 percent to $200,000. The MSP indicates that half of the homes were sold for more and half sold for less.
“The slightly slower pace of winter is a great time to sell and buy real estate,” says Greg Gosselin, Broker/Owner of Gosselin Realty Group in York and 2017 President of the Maine Association of REALTORS®. “Buyers tend to be serious and pre-qualified for mortgage financing. Since fewer homes are coming onto the market during the holidays, sellers who list their homes for sale get added attention for their properties. Homes that are properly prepared, positioned, and priced will sell whether it snows or not.
“Through November, the number of home sales statewide in 2017 has exceeded the best-ever 2016 by 0.6 percent. We’re hoping that strong sales activity in December will push 2017 to claim the number one all-time ranking,” added Gosselin.
The National Association of Realtors reported a 3.2 percent national increase in sales of single-family existing homes across the country. The national MSP rose 5.4 percent to $248,800. Regionally, sales in the Northeast were up 6.7 percent and the regional MSP rose 4.0 percent to $273,600.
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of November only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of September, October and November of 2016 and 2017.
Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900, by email at info@legacysir.com, and via our website LegacySIR.com. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Damariscotta, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.
Offices Located at:
2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)
141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)
150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)
170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)
46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)